Wisely by ADP: who holds your money
Wisely by ADP is not a bank. Wisely by ADP says customer money is held at Fifth Third Bank, National Association, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Wisely by ADP is not a chartered bank; customer money is held at Fifth Third Bank, National Association, graded letter B among similar-sized banks. Deposit insurance reaches customers through the partner bank, provided Wisely by ADP’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category. This reflects Wisely by ADP’s disclosure read on September 5, 2026.
Partner banks
- Fifth Third Bank, National AssociationFDIC #6672 · program bank44.4%above the insured limitB64.5
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
The Wisely Direct Mastercard is issued by Fifth Third Bank, N.A., Member FDIC. ADP is a registered ISO of Fifth Third Bank, N.A.
www.mywisely.com · as of September 5, 2026
Disclosure names the bank but not the insurance mechanism; classified pass-through because the account is opened through the app, not directly with the bank.